You just happen to sell off the ancestral property that fetches you a great deal of money! Well, no doubt it’s a great feeling, but it puts you in a dilemma. Should you pay off your housing loan? Honestly, home loan foreclosures is a wise decision as it brings down your overall cost of the property by reducing your interest outgo. But, the decision-making process is the tricky part, where most borrowers get confused. It's important to factor in the pros and cons of a home loan foreclosure, so read on!